The initial public offering (IPO) of ixigo, which opened on June 10, 2024, has received a robust response from primary market investors. The public issue, worth ₹740.10 crore, remains open until June 12, 2024. The company has set the ixigo IPO price band at ₹88 to ₹93 per equity share, and the book-build issue is proposed for listing on the BSE and NSE. The ixigo IPO consists of a mix of fresh issues and offers for sale (OFS), with ₹620.10 crore reserved for OFS and ₹120 crore aimed at fresh issues. As per the ixigo IPO subscription status, the public issue has been subscribed 1.95 times. Despite volatility in the Indian stock market, the grey market remained steady regarding the ixigo IPO. According to stock market observers, shares of the ixigo parent, Le Travenues Technology Limited, are trading at a premium of ₹24 in the grey market today.
ixigo IPO GMP Today
The ixigo IPO GMP (grey market premium) today is ₹24, unchanged from Monday’s. Market observers note that the ixigo IPO GMP has remained steady despite volatility on Dalal Street, which bodes well for the book-build issue. They attribute the strong response from primary market investors as a probable reason for the public offer’s stability during Monday’s market pressures.
ixigo IPO Subscription Status
By 10:21 AM on day 2 of bidding, the ixigo IPO was subscribed 2.21 times, with the retail portion booked 7.01 times. The NII segment has been subscribed 3.20 times, while the QIB portion has been booked 0.12 times. This level of subscription indicates strong interest from retail investors, potentially leading to oversubscription and higher listing gains for investors.
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